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Commonwealth Equity Services LLC boosted its position in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ: BSMR) by 49.0% in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 272,724 shares of the company's stock after purchasing an additional 89,714 shares during the quarter.
Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ: BSMR - Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 15,174 shares, a drop of 27.4% from the November 30th total of 20,910 shares. Approximately 0.1% of the shares of the stock are
Envestnet Asset Management Inc. cut its holdings in Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ: BSMR) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,764 shares of the company's stock after selling 13,096 shares during the quarter.
Municipal bonds are back to offer compelling risk-adjusted opportunities, but future decisions from Washington can either act as a tailwind or headwind. Municipal bond funds saw net inflows during 2024, first annual inflow since 2021—which was a record year. 2024 was a record year in municipal bond issuance. With attractive yields, the market may start to pay more attention to tax-equivalent yield advantages offered through municipal debt.
Specific to the muni market, perhaps the biggest surprise this year has been new issue supply that is running well ahead of expectations, up roughly 40% from last year. We think this increased summer issuance is likely the result of deals getting pulled forward, as issuers may be cautious about coming to market later in the fall ahead of what is likely to be an uncertain U.S. political climate. While municipal credit quality has already peaked, it is entering this period of moderating economic growth from a position of strength.
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Invesco BulletShares 2027 Municipal Bond ETF (NASDAQ:BSMR)’s share price fell 0.5% during mid-day trading on Monday . The stock traded as low as $24.27 and last traded at $24.36, 1,000 shares were traded during mid-day trading. A decline of 56% from the average session volume of 2,298 shares. The stock had previously closed at $24.49. […]
SEC filings for BSMR aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.